Three mega financial institutions in Japan, Mitsubishi UFJ (MUFG), Sumitomo Mitsui, and Mizuho, are reportedly planning to issue a stablecoin backed by fiat currencies, including the US Dollar (USD) and the Japanese Yen (JPY).
Dow Jones futures fall 0.61% to move below 45,900 during European hours on Friday, ahead of the opening of the United States (US) regular session. The S&P 500 futures decline 0.88% to trade near 6,600, while Nasdaq 100 futures plunge 0.96% to break below 24,600 at the time of writing.
Pump.fun (PUMP), Flare (FLR), and Bittensor (TAO) emerge as top decliners in the last 24 hours by press time on Friday as Bitcoin (BTC) trades below $109,000.